Strs Ohio Raises Holdings in Kimco Realty Corporation $KIM

Key Points

• STRS Ohio boosted its stake in Kimco Realty by 578.5% in Q4 to 108,406 shares (worth $2.20M), and several other institutions (UBS, SG Americas, Federated Hermes, Barclays, Marshall Wace) also made large purchases, leaving institutional ownership at 89.25%.
• Kimco beat Q1 estimates with $0.46 EPS (vs. $0.45 expected) and $558.0M in revenue (up 4% YoY), and set FY2026 guidance of 1.810–1.840 EPS (consensus ~1.83).
• The company declared a quarterly dividend of $0.26 (annualized $1.04, yield ~4.4%) but with a payout ratio of 120.9%, while Wall Street's consensus rating is Hold with an average price target of $24.71.

Strs Ohio boosted its stake in Kimco Realty Corporation (NYSE:KIM - Free Report) by 578.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,406 shares of the real estate investment trust's stock after purchasing an additional 92,428 shares during the period. Strs Ohio's holdings in Kimco Realty were worth $2,197,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kimco Realty by 541.6% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 6,304,639 shares of the real estate investment trust's stock worth $137,756,000 after purchasing an additional 5,322,009 shares during the last quarter. SG Americas Securities LLC raised its holdings in Kimco Realty by 10,776.5% during the 4th quarter. SG Americas Securities LLC now owns 2,425,889 shares of the real estate investment trust's stock valued at $49,173,000 after buying an additional 2,403,585 shares during the last quarter. Federated Hermes Inc. raised its holdings in Kimco Realty by 27.2% during the 3rd quarter. Federated Hermes Inc. now owns 10,649,864 shares of the real estate investment trust's stock valued at $232,700,000 after buying an additional 2,280,090 shares during the last quarter. Barclays PLC boosted its position in Kimco Realty by 113.0% during the 3rd quarter. Barclays PLC now owns 3,185,904 shares of the real estate investment trust's stock valued at $69,612,000 after buying an additional 1,690,137 shares during the period. Finally, Marshall Wace LLP boosted its position in Kimco Realty by 762.6% during the 3rd quarter. Marshall Wace LLP now owns 1,900,128 shares of the real estate investment trust's stock valued at $41,518,000 after buying an additional 1,679,852 shares during the period. Institutional investors own 89.25% of the company's stock.

Kimco Realty Stock Performance

Shares of Kimco Realty stock opened at $23.55 on Wednesday. Kimco Realty Corporation has a 12 month low of $19.76 and a 12 month high of $24.31. The firm has a market capitalization of $15.88 billion, a P/E ratio of 27.38, a P/E/G ratio of 1.30 and a beta of 0.97. The company has a current ratio of 3.78, a quick ratio of 3.78 and a debt-to-equity ratio of 0.78. The business has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $21.70.

Kimco Realty (NYSE:KIM - Get Free Report) last released its earnings results on Thursday, April 30th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.01. The firm had revenue of $558.02 million for the quarter, compared to the consensus estimate of $542.73 million. Kimco Realty had a net margin of 28.54% and a return on equity of 5.82%. The company's revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. Kimco Realty has set its FY 2026 guidance at 1.810-1.840 EPS. On average, equities analysts forecast that Kimco Realty Corporation will post 1.83 earnings per share for the current fiscal year.

Kimco Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Friday, June 5th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.4%. Kimco Realty's dividend payout ratio (DPR) is currently 120.93%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KIM. Piper Sandler boosted their price objective on shares of Kimco Realty from $26.00 to $28.00 and gave the company an "overweight" rating in a research report on Tuesday, February 17th. Scotiabank increased their target price on shares of Kimco Realty from $22.00 to $24.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 24th. UBS Group cut their target price on Kimco Realty from $30.00 to $26.00 and set a "buy" rating on the stock in a research note on Thursday, January 8th. Robert W. Baird set a $25.00 price target on Kimco Realty in a report on Friday, February 13th. Finally, Mizuho set a $21.00 price target on Kimco Realty in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.71.

Kimco Realty Profile

Founded in 1958 by Milton Cooper and headquartered in Jericho, New York, Kimco Realty Corporation NYSE: KIM is a leading publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of open-air shopping centers. The company's portfolio, concentrated on neighborhood and community centers anchored by grocery stores, encompasses approximately 400 properties across the United States, with selective holdings in Canada and Mexico.

Kimco's core business activities include acquiring, repositioning and managing retail real estate assets that serve as daily-need destinations for consumers.

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